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Evening Price Update

Fueloil cargo closed steady to marginally higher, supported by two deals traded on screen; Gasoil cargo concluded softer by USD0.60/BBL, and with a physical deal changing hands. Delivered prices were quoted almost on a par with last Friday, except Distillates which is offering lower generally.

Ex-wharf loading is still tight and our earliest delivery is looking 17th-18th/Jul onwards. WTI Access trading is showing weak now. Meantime, our bunker indication is revised lower only for the MDO/MGO, amid near average demand so far.

Morning Commentary

NYMEX Crude closed softer on closing last Friday to settle at USD59.89 a barrel and WTI Access trading is showing slightly weak this morning.

Similarly, Fueloil paper was pegged lower by USD2.25/MT today yet Gasoil paper was valued steady to marginally higher. Ex-wharf loading still maintaining some tightness and we shall keep an update this afternoon. Meantime, our bunker indication remains broadly unchanged for all grades.